Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1183108
  • Posted On: Jan 24, 2020
  • Updated On: Sep 10, 2020

Property Description

Established 7 unit park-owned mobile home park on 1.6 acre parcel. Hwy 231 / 431 frontage.

Location

Located in Park City Tennessee in proximity to new $40M car parts plant, municipal airport, industrial park. Growth area with significant redevelopment potential.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $41,000
Operating Expense $13,300
Net Operating Income $27,700
Expense Ratio 32.4 %
Debt Info

Lot Information

Singlewide Lots: 7

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $490

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